Last Week’s Picks*:
A good pick for $VHC which gained over 20%, I took the trade last Monday and closed out on Friday for a profit. there may well be more gains ahead. It was not such a good five days for $CLSN which always looked like a risky trade.
This week should be a busy one for traders. We will see the Fed’s Beige Book, rate calls from the RBA, BOE, and ECB, and then non-farm payrolls on Friday.
With markets already hovering near record high there is a real chance of volatility.
Here’s this week’s picks:
Clean Energy Fuels Corp. $CLNE
Clean Energy Fuels designs and operates natural gas fuelling stations, as well as supplying compressed natural gas fuel for vehicle fleets across the US and Canada.
The stock gapped higher last week on heavy volume taking the company through the $6 barrier. Much of this was due to a positive earnings report with revenues up over 30%.
Cytori Therapeutics Inc. $CYTX
Cytori Therapeutics Inc. is developing treatment in the United States for patients with hand and finger problems due to the autoimmune condition scleroderma, as well as patients with symptomatic knee osteoarthritis.
There is a lot of talk on StockTwits about this microcap stock ahead of it’s upcoming earnings report with rumours of a buyout circulating too. The stock has a 98% bullish rating from StockTwits users.
Micron Technology Inc. $MU
Chipmaker Micron Technology Inc. took a dive last week on speculation of a deal between Apple and direct competitor Samsung.
However, the stock bounced back pretty quickly and is still an attractive proposition for value investors. The stock has a PE ratio of 9.96, a PEG of 0.66 and was picked out by the Extreme Discount system.
Globe Speciality Metals Inc. $GSM
Globe Speciality Metals trades on the Nasdaq and is one of the world’s biggest producers of silicon metal, and silicon-based alloys.
The stock was singled out after moving higher on unusual volume last week and could now be poised to continue that momentum. Stops can be held below the key $16 level.
*Hypothetical results. Commissions and slippage not applied.
Disclosure: I am long MU. I may initiate a position in $CLNE or $GSM over the next 48 hours.
Additional disclaimer: Please be aware of the usual risks to trading in financial instruments. Please remember the importance of doing your own research and understand the cost to trade including trading commissions and the bid:ask spread.